I'm both happy and dissapointed by this news, with Bay, you are bound to to have some dissapointments with him, but overall, I think he did a good job with the first movie, and looks to have done the same with the 2nd. Also, we run the risk of getting a hack director like Brett Ratner for the 3rd movie, which no one wants.

Strange though, Bay has previously said he would return for the 3rd though.